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Up 1,600,000%, Is Shiba Inu Still a Buy?

In August last year, an anonymous person or entity known as Ryoshi created SHIB as a token on Ethereum’s ERC-20 blockchain. Nowadays, anyone can create a token and launch it on an existing blockchain. In fact, there’s even a website — cointool.app — that allows users to set a token name, symbol, initial supply, add-ons (token burning, minting, etc.), and blockchain (such as ERC-20) for launch.

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